Author: Saim Khalid

A set of configurable, graphically appealing, online interactive games that work across laptops, iOS (Apple) and Android devices. Instructors can customise the games, or use default settings, and students join by entering a class code. The instructor gets a graphical analysis of outcomes immediately at the end of the session, for use in class discussion.…

Economics-games.com A set of interactive games and simulations that are played in the browser. The tutor chooses a game and a number of players, then is given unique logins to distribute to learners. 14 games are played against the computer. In the other 47 games, learners play against each other.

Christopher R. Makler, Stanford University Online textbook using interactive graphs created by Makler. Twenty-four chapters, each with multiple graphs, are split into six sections: Scarcity and Choice, Consumer Theory, the Theory of the Firm, Competitive Equilibrium, Exchange, and Public Economics. It is possible and allowed to embed the graphs in other sites. As of 2023,…

Christopher R. Makler, Stanford University A suite of around 350 interactive graphs, illustrating microeconomic, financial and mathematical concepts, that run in a modern web browser without additional technology. They can be used in lectures or incorporated into other sites via an iframe.

More than twenty interactive workbooks for Microeconomics, Macroeconomics and Econometrics, created using the Wolfram programming language. Each chart illustrates a concept or model, and gives many parameters that the reader can adjust to see the resulting changes. The interactive workbooks can be viewed online or downloaded to the reader’s computer to run in the free…

Inflation In economics, inflation means rise in the general level of prices of goods and services over a period of time in an economy. Inflation may affect the economy either in positive way or negative way. Causes of Inflation The causes of inflation are as follows − Inflation is also caused by decrease in supplies,…

Business cycles are the rhythmic fluctuations in the aggregate level of economic activity of a nation. Business cycle comprises of following phases − Business cycles occur because of reasons such as good or bad climatic conditions, under consumption or over consumption, strikes, war, floods, draughts, etc Theories of Business Cycles Schumpeters Theory of Innovation According…

Definition of Economic Growth Economic growth refers to an increase in the goods and services produced by an economy over a particular period of time. It is measured as a percentage increase in real gross domestic product which is GDP adjusted to inflation. GDP is the market value for all the final goods and services…

Factors Determining the National Income According to Keynes there are two major factors that determine the national income of an economy − Aggregate Supply Aggregate supply comprises of consumer goods as well as producer goods. It is defined as total value of goods and services produced and supplied at a particular point of time. When…

Definition of National Income The total net value of all goods and services produced within a nation over a specified period of time, representing the sum of wages, profits, rents, interest, and pension payments to residents of the nation. Measures of National Income For the purpose of measurement and analysis, national income can be viewed…